RICHMOND, Va. — CoStar Group, Inc. laid off more than 100 people from its downtown Richmond offices this week, according to a company statement and individuals familiar with the job cuts. The company, which has more than 2,500 employees in the Richmond area, cited the use of artificial intelligence as one reason for the layoffs.

The job cuts represent a complication for one of the area's largest and fastest-growing companies. CoStar employs almost 2,400 people in Richmond, many of whom work for the Homes.com marketplace.